JPMorgan’s Securities Services will be able to offer its buy-side clients new trade processing views via trade lifecycle status updates, standardized commentary, and shared bi-directional workflow support through a collaboration with startup AccessFintech. The collaboration combines JPMorgan’s operating model and workflow tools and AccessFintech’s cutting-edge technology, officials say. The AccessFintech service is a single global… Read More >>
New SmartStream RDU CEO to Push Ops Utility
SmartStream has found a true believer in the industry utility concept and has made industry veteran Peter Moss the next CEO of the SmartStream Reference Data Utility (RDU). The RDU is a managed service that delivers reference data for regulatory reporting, trade processing and risk management operations in a supposedly more cost-effective utility approach, officials… Read More >>
Report Bursts Blockchain/DLT Bubbles for Ops
There is no doubt that Blockchain/distributed ledger technology (DLT) has become one of the most talked about technologies in the world. Conferences, articles and events have been hailing its attributes but a recent report by Boston-based management consultancy Opimas shows that the technology may not be the panacea that many market participants are envisioning. The… Read More >>
TrueEX, JPMorgan & RBS Stretch FIX for Swaps
TrueEX, a swap execution facility (SEF), JPMorgan and the Royal Bank of Scotland (RBS) have launched the trueFIX automated execution and processing solution for U.S. dollar, Euro and U.K. Sterling swaps that will work with the FIX-based confirmation and affirmation protocol extensions from the FIX Trading Community. The FIX Trading Community is the governing body behind… Read More >>
Fears Grow Over High-Impact Attack: DTCC Survey
Risk Managers’ Fears Grow Over High-Impact Event: Survey Fears over the threat of “a high-impact event” is increasing among risk managers, according to the latest DTCC Systemic Risk Barometer Survey. The new survey on risk trends among those in the financial services industry shows that 61 percent of risk managers “believe the probability of a… Read More >>
LSEG, DTCC Join Forces for MiFIR Reporting
The DTCC and the London Stock Exchange Group (LSEG) are partnering to provide clients with a connection to regulatory reporting technology vendor UnaVista’s Approved Reporting Mechanism (ARM), a service that enables DTCC clients to comply with the Markets in Financial Instruments Regulation (MiFIR) reporting requirements, officials say. UnaVista is the LSEG’s hosted platform for matching,… Read More >>
Markit Hopes to Close DealHub Acquisition This Quarter
In a bid to offer comprehensive foreign exchange (FX) solutions, Markit, a vendor of financial information and processing services, reports an agreement for it to acquire DealHub, a provider of trade processing and trading services for FX markets. The acquisition is expected to close in the third quarter of the year, according to a Markit… Read More >>
Raymond James Unit Gets Rid of Manual Tasks
Struggling with legacy systems and manual processes, employees of the middle office at financial holding company Raymond James’ Equity Capital Markets (ECM) division were finding it next to impossible to do their jobs in a timely and efficient manner. Since implementing financial technology provider GBST’s pre-settlement processing engine GBST Syn~ however, says the ECM middle… Read More >>
